Nevada Revised Statutes Title 10. Property Rights and Transactions § 118A.210. Rental agreements: Payment of rent; term of tenancy; late fee

(a) Rent is payable at the beginning of the tenancy; and

(b) Rent for the use and occupancy of a dwelling is the fair rental value for the use and occupancy.

(a) In a tenancy that is longer than week to week, no late fee may be charged or imposed until at least 3 calendar days after the date that rent is due;

(b) Such a late fee must not exceed 5 percent of the amount of the periodic rent; and

(c) The maximum amount of the late fee must not be increased based upon a late fee that was previously imposed.